. 2021 Feb 17;55(1):433–484. doi: 10.1007/s10644-021-09320-0

Table 21.

Important energy sector volatility index

Index	Description
OVX: Cboe Crude Oil ETF Volatility Index	The Cboe Crude Oil ETF Volatility Index ("Oil VIX", Ticker—OVX) measures the market's expectation of 30− day volatility of crude oil prices by applying the VIX® methodology to United States Oil Fund, LP (Ticker—USO) options spanning a wide range of strike prices
VXXLE: Cboe Energy Sector ETF Volatility Index	Cboe Options Exchange (Cboe) now applies its proprietary Cboe Volatility Index® (VIX®) methodology to create indices that reflect expected volatility for options on select exchange− traded funds (ETFs) Cboe calculates and disseminates the Cboe Energy Sector ETF Volatility Index (ticker VXXLE), which reflects the implied volatility of the XLE ETF
OIV: CBOE NY MEXWTI VOLATILITY INDEX	NYMEX Crude Oil (WTI) Volatility Index was developed by the CBOE in a licensing agreement with the CME Group, which is the parent company of the NYMEX. This index is quoted with the symbol OIV. The OIV index is based on implied volatility of options that trade on crude oil future contracts with the base symbol OL

Index

Description

OVX: Cboe Crude Oil ETF Volatility Index

The Cboe Crude Oil ETF Volatility Index ("Oil VIX", Ticker—OVX) measures the market's expectation of 30− day volatility of crude oil prices by applying the VIX® methodology to United States Oil Fund, LP (Ticker—USO) options spanning a wide range of strike prices

VXXLE: Cboe Energy Sector ETF Volatility Index

Cboe Options Exchange (Cboe) now applies its proprietary Cboe Volatility Index® (VIX®) methodology to create indices that reflect expected volatility for options on select exchange− traded funds (ETFs)

Cboe calculates and disseminates the Cboe Energy Sector ETF Volatility Index (ticker VXXLE), which reflects the implied volatility of the XLE ETF

OIV: CBOE NY MEXWTI VOLATILITY INDEX

NYMEX Crude Oil (WTI) Volatility Index was developed by the CBOE in a licensing agreement with the CME Group, which is the parent company of the NYMEX. This index is quoted with the symbol OIV. The OIV index is based on implied volatility of options that trade on crude oil future contracts with the base symbol OL